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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Summary of Ranges of Significant Unobservable Inputs Used to Value Level 3 Assets | The tables below present the ranges of significant unobservable inputs used to value the Company’s Level 3 assets as of September 30, 2024 and December 31, 2023. These ranges do not represent a range of values for any single instrument. For example, the lowest discount rate for a particular redeemable convertible preferred stock investment may be appropriate for valuing that specific debt security but may not be appropriate for valuing any other debt securities in this asset class. Accordingly, the ranges of inputs presented below do not represent uncertainty in, or possible ranges of, fair value measurements of the Company’s Level 3 assets.
Level 3 Instruments |  | Amount |  |  | Valuation Techniques |  | Significant Unobservable Inputs |  | Range of Significant Unobservable Inputs
As of September 30, 2024 |  |  |  |  |  |  |  |  |
Debt Securities |  |  |  |  |  |  |  |  |
Redeemable convertible preferred stock |  | $ | 53,717 |  |  | Option pricing model |  | Discount rate |  | 9.82%-23.71%
|  |  |  |  |  |  | Volatility |  | 33.5%-65.39%
Total |  | $ | 53,717 |  |  |  |  |  |  |
Equity Securities |  |  |  |  |  |  |  |  |
Redeemable convertible preferred stock |  | $ | 15,000 |  |  | Measurement alternative |  |  |  |
Contribution to investment fund |  |  | 565 |  |  | Measurement alternative |  |  |  |
Private equity securities |  |  | 56 |  |  | Measurement alternative |  |  |  |
Convertible preferred stock |  |  | 9,166 |  |  | Option pricing model |  | Discount rate |  | 4.41%-18.26%
|  |  |  |  |  |  | Volatility |  | 40.5%-49.6%
Total |  | $ | 24,787 |  |  |  |  |  |  |
As of December 31, 2023 |  |  |  |  |  |  |  |  |
Debt Securities |  |  |  |  |  |  |  |  |
Redeemable convertible preferred stock |  | $ | 48,277 |  |  | Option pricing model |  | Discount rate |  | 9.82%-23.71%
|  |  |  |  |  |  | Volatility |  | 33.5%-65.39%
Total |  | $ | 48,277 |  |  |  |  |  |  |
Equity Securities |  |  |  |  |  |  |  |  |
Redeemable convertible preferred stock |  | $ | 15,000 |  |  | Measurement alternative |  |  |  |
Contribution to investment fund |  |  | 574 |  |  | Measurement alternative |  |  |  |
Private equity securities |  |  | 857 |  |  | Measurement alternative |  |  |  |
Convertible preferred stock |  |  | 8,152 |  |  | Option pricing model |  | Discount rate |  | 4.41%-18.26%
|  |  |  |  |  |  | Volatility |  | 40.5%-49.6%
Convertible preferred stock |  |  | 2,264 |  |  | Measurement alternative |  |  |  |
Total |  | $ | 26,847 |  |  |  |  |  |  |
Summary of Changes in Fair Value of Level 1 and Level 3 Assets Included Debt and Equity Securities | The below tables present a summary of changes in fair value of Level 1 and Level 3 assets, included within Debt and equity securities in the Condensed Consolidated Balance Sheets, by investment type (in thousands of USD):
|  | Nine Months Ended September 30, 2024 |
|  | Level 1 |  |  | Level 3 |  |  | Total |
|  | Equity Securities |  |  | Equity Securities |  |  | Debt Securities |  |  | Debt & Equity Securities |
Beginning balance, January 1 |  | $ | 16,109 |  |  | $ | 26,847 |  |  | $ | 48,277 |  |  | $ | 91,233 |
Business disposition |  |  | - |  |  |  | (776 | ) |  |  | 6,522 |  |  |  | 5,746 |
Net unrealized gain |  |  | 3,352 |  |  |  | 19 |  |  |  | - |  |  |  | 3,371 |
Sales and settlement |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | (4 | )
Reclassification |  |  | (18,701 | ) |  |  | - |  |  |  | - |  |  |  | (18,701 | )
Currency translation differences |  |  | (757 | ) |  |  | (398 | ) |  |  | (2,148 | ) |  |  | (3,303 | )
Ending balance, March 31, |  |  | 3 |  |  |  | 25,688 |  |  |  | 52,651 |  |  |  | 78,342 |
Net unrealized gain |  |  | - |  |  |  | 1,852 |  |  |  | - |  |  |  | 1,852 |
Sales and settlement |  |  | - |  |  |  | (2,709 | ) |  |  | (19 | ) |  |  | (2,728 | )
Currency translation differences |  |  | - |  |  |  | (535 | ) |  |  | (1,607 | ) |  |  | (2,142 | )
Ending balance, June 30 |  |  | 3 |  |  |  | 24,296 |  |  |  | 51,025 |  |  |  | 75,324 |
Currency translation differences |  |  | — |  |  |  | 491 |  |  |  | 2,692 |  |  |  | 3,183 |
Ending balance, September 30 |  | $ | 3 |  |  | $ | 24,787 |  |  | $ | 53,717 |  |  | $ | 78,507 |
|  | Nine Months Ended September 30, 2023 |
|  | Level 1 |  |  | Level 3 |  |  | Total |
|  | Equity Securities |  |  | Equity Securities |  |  | Debt Securities |  |  | Debt & Equity Securities |
Beginning balance, January 1 |  | $ | 8,680 |  |  | $ | 31,672 |  |  | $ | 68,787 |  |  | $ | 109,139 |
Purchases |  |  | — |  |  |  | 46 |  |  |  | — |  |  |  | 46 |
Net unrealized gain |  |  | 117 |  |  |  | 128 |  |  |  | — |  |  |  | 245 |
Currency translation differences |  |  | 7 |  |  |  | (617 | ) |  |  | (1,926 | ) |  |  | (2,536 | )
Ending balance, March 31, |  |  | 8,804 |  |  |  | 31,229 |  |  |  | 66,861 |  |  |  | 106,894 |
Purchases |  |  | - |  |  |  | - |  |  |  | 675 |  |  |  | 675 |
Business disposition |  |  | - |  |  |  | (1,630 | ) |  |  | 2,323 |  |  |  | 693 |
Net unrealized gain (loss) |  |  | 858 |  |  |  | (3 | ) |  |  | - |  |  |  | 855 |
Reclassification |  |  | 19 |  |  |  | (19 | ) |  |  | - |  |  |  | - |
Currency translation differences |  |  | (786 | ) |  |  | (87 | ) |  |  | (461 | ) |  |  | (1,334 | )
Ending balance, June 30 |  |  | 8,895 |  |  |  | 29,490 |  |  |  | 69,398 |  |  |  | 107,783 |
Purchases |  |  | 1,294 |  |  |  | — |  |  |  | 384 |  |  |  | 1,678 |
Currency translation differences |  |  | (356 | ) |  |  | (291 | ) |  |  | (1,663 | ) |  |  | (2,310 | )
Ending balance, September 30 |  | $ | 9,833 |  |  | $ | 29,199 |  |  | $ | 68,119 |  |  | $ | 107,151 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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